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International Economics and Policy: Course Code: EDL 312 Course Objectives

This document outlines an international economics and policy course. The course objectives are to learn about international trade, globalization, world economies, and government trade policies. The learning objectives are to understand economic theories of international trade, the effects of trade liberalization, arguments for trade policies, and open-economy macroeconomics. The syllabus covers topics like theories of international trade, trade and development, international trade equilibrium, and the international monetary system.

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swati upveja
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93 views

International Economics and Policy: Course Code: EDL 312 Course Objectives

This document outlines an international economics and policy course. The course objectives are to learn about international trade, globalization, world economies, and government trade policies. The learning objectives are to understand economic theories of international trade, the effects of trade liberalization, arguments for trade policies, and open-economy macroeconomics. The syllabus covers topics like theories of international trade, trade and development, international trade equilibrium, and the international monetary system.

Uploaded by

swati upveja
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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INTERNATIONAL ECONOMICS AND POLICY

Course Code: EDL 312

Course Objectives:

 Learn the significance of International Trade & Globalization ; Introduction to


International Economic Indicators & Terminologies
 Exposure to World Economies, Transformations & Emerging markets; Visualize
& cope with Global Changes in Business scenario.
 Understanding the role of Govt., International Institutions & Trade Policies.

Learning Objectives:

On completion of the course, students should:

 be familiar with the main economic theories and models of international trade,
 be aware of the likely distributional consequences of trade and thus of conflicting
interests within an economy regarding trade liberalization,
 understand economists’ arguments concerning trade policy and its analysis,
 be able to apply economic reasoning to issues of the day surrounding
globalization,
 have an elementary understanding of open-economy macroeconomics and the
determinants of exchange rates and the balance of payments.

Syllabus

Block I: International Economics: An Introduction

Concepts and Scope; International Trade; Basis of International Trade; Theories of


International Trade; Absolute and Comparative Cost Advantages Theories

Block II: Modern Theories on International Trade

Heckscher-Ohlin Model; Samuelson Models; Modern Theories vs. Classical Theories;


Terms of Trade: Concept and Measures

Block III: Trade and Development

Gains from Trade; Trade as a Substitute for Growth; Theory of Immiserising Growth;
Free Trade vs. Protection; Trade Barrier; Trade Blocks

Block IV: Equilibrium in International Trade


Balance of trade; Balance of payment; Disequilibrium in BOP; Adjustment for
equilibrium in BOP; Exchange Rate

Block V: International Monetary System

IMF and International Liquidity; World Bank and International Economic Development;
International Debt Problems, Issues and Initiatives; International Capital Flows; FDI and
Portfolio Investment; International Labor Migration; Technology Transfer: Need, Issues
and Trends.

Text and References:

 Schmiltoft, Sweet &Mexwell (2000), Export Trade


 Rao,M.B., and Manjula Guru, WTO and International Trade,Vikas
PublishingHouse Pvt. Ltd.
 Charles W.H. Hall,International Business, Competing in the Global
MarketPlace,Tata McGraw Hill
 UCPDC-600, International Chamber of Commerce, Paris
 Cateora& Hess, International Marketing, Richard D Irwin Inc.
 Eitleman&Stonehill,Multinational Business Finance, Wesley Pub. Co.
 IMF References, The World Economic Outlook

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